Analysis

[D05GTO]

But are you really Chef Ramsay?

[1715042963]

1715042963

[1715042963]

1715042963

[1715042963]

1715042963

[hdbuck]

It's just that price and its action is the only thing that matters. When trading it is of no use trying to discern other people's intentions and thoughts. The price action displays them in full view.

<-- always. ^^

[masterluc]

So, basically what you're saying is that there wasn't enough bearish coin holders flushed out yet and/or the bulls don't think any more pumps at this current stage will do any good?

As long as you research other's coins and thoughts you stay poor.

I am sure there is some seriously wise info locked in that quote but for the life of me I can't figure what it is.

Russian thinker Kuzma Prutkov said - It is impossible to comprehend the immensity  

So when you try - you put your time, your money and your energy into black hole. And stay poor whatever you do. Invalid point of applied forces - find another

[lebing]

So, basically what you're saying is that there wasn't enough bearish coin holders flushed out yet and/or the bulls don't think any more pumps at this current stage will do any good?

As long as you research other's coins and thoughts you stay poor.

I am sure there is some seriously wise info locked in that quote but for the life of me I can't figure what it is.

Russian thinker Kuzma Prutkov said - It is impossible to comprehend the immensity  

So when you try - you put your time, your money and your energy into black hole. And stay poor whatever you do. Invalid point of applied forces - find another

Thank god there are people like Pruden around, lol.

[Chef Ramsay]

But are you really Chef Ramsay?

Haha, I wonder when the man is going to get the "Sir" in front of his name. If I were him I'd have major whale capabilities and I could create my own market analysis that never ends. It's be nice if Ramsay would accept BTC at his upscale restaurants and have that BTC on the front windows which would really stir some great dinner conversations among the elite that dine at these places.

[masterluc]

I'd like to share some thoughts about altcoins rise-fall-death cycle.

I noticed when Bitcoin enters some long bearish cycle - always appears some fork which starts to rise to btc. NMC, LTC and now DRK. After some time fork dies and next fork appears. So I'll try to analyze this phenomenon.

Let's call next fork "shit".

1. When Bitcoin enters some noticed bearish cycle, people start to be bored. They want permanent rally.
2. Bored people look around and here is a "shit". The same Proof Of Work  shit as Bitcoin, but has some special features.
3. "Oh my god, it's a new paradigm! " - people say and start to sell bitcoin and buy shit. Bitcoin bearish phase accelerates.
4. Meanwhile shit market saturates,  Bitcoin market passing capitulation phase and starts to recover. Bitcoin becomes bullish.
5. People keeping shit - watch for rise of Bitcoin. They move their funds back and create additional bullish acceleration to bitcoin. Shit drops.
6. Bitcoin market saturates and enters correction.
7. Back to point 1.

I call it "small shit cycle", when Bitcoin and shit go in antiphase.

Every alt fork makes few shit cycles and then slowly goes to a toilet pan. Because new alt with "new paradigm" appears and enters it's first shit cycle, it's first step to a pan.

I call it "big shit cycle" - when shit after few cycles goes to a pan and another shit appears.

Meanwhile, every altcoin place is a pan because of "Long fork theorem" which CJDNS founder told me in IRC in 2012.

This is only theoretical thoughts, based on multi year market observations. I hope in some time I'll make a science paper. Hehe.

[ElectricMucus]

I'd like to share some thoughts about altcoins rise-fall-death cycle.

I noticed when Bitcoin enters some long bearish cycle - always appears some fork which starts to rise to btc. NMC, LTC and now DRK. After some time fork dies and next fork appears. So I'll try to analyze this phenomenon.

Let's call next fork "shit".

1. When Bitcoin enters some noticed bearish cycle, people start to be bored. They want permanent rally.
2. Bored people look around and here is a "shit". The same Proof Of Work  shit as Bitcoin, but has some special features.
3. "Oh my god, it's a new paradigm! " - people say and start to sell bitcoin and buy shit. Bitcoin bearish phase accelerates.
4. Meanwhile shit market saturates,  Bitcoin market passing capitulation phase and starts to recover. Bitcoin becomes bullish.
5. People keeping shit - watch for rise of Bitcoin. They move their funds back and create additional bullish acceleration to bitcoin. Shit drops.
6. Bitcoin market saturates and enters correction.
7. Back to point 1.

I call it "small shit cycle", when Bitcoin and shit go in antiphase.

Every alt fork makes few shit cycles and then slowly goes to a toilet pan. Because new alt with "new paradigm" appears and enters it's first shit cycle, it's first step to a pan.

I call it "big shit cycle" - when shit after few cycles goes to a pan and another shit appears.

Meanwhile, every altcoin place is a pan because of "Long fork theorem" which CJDNS founder told me in IRC in 2012.

This is only theoretical thoughts, based on multi year market observations. I hope in some time I'll make a science paper. Hehe.

Ask this guy:
https://www.youtube.com/watch?v=3gfntBEI3Aw

[masterluc]

No, this is very serious economic and psychological since work "Passing through a shit cycle on a wave of greed".

[hdbuck]

@masterluc you buy the 'fork shit' tho?
im talking the 20MB to unlimited Gigablocks because there is 7Bn people on earth^TM

[masterluc]

I don't buy what I didn't researched. I don't research because I know it will cost nothing eventually. Because of long fork threat.

[hdbuck]

I don't buy what I didn't researched. I don't research because I know it will cost nothing eventually. Because of long fork threat.

long fork threat? you mean since its been investigated argued for a long time, whether it comes alive or not wont impact 'cost' (your) bitcoin's value?

[masterluc]

Every PoW fork uses limited resource - electrical power to enforce it's security. As long as power is limited, miners aim to mine more popular fork. More popular is more secure and visa versa.

So more popular and secure fork drain power, security and popularity from all others. One most popular PoW fork kills others by its existence.

This is long fork threat.

Bitcoin is like Saturn god eating his children.

[ssmc2]

Are you two talking about the same thing? lol

[hdbuck]

Bitcoin is like Saturn god eating his children.

got it.. crystal clear.

[michaelGedi]

Bitcoin is like Saturn god eating his children.

got it.. crystal clear.

I'm not so clear, does that mean we go up or down? 

[lebing]

Bitcoin is like Saturn god eating his children.

got it.. crystal clear.

I'm not so clear, does that mean we go up or down?  

Better get our asses to Pluto to avoid being eaten.



(but in all seriousness, I very much agree with you Luc - I have had the same thought for a long time now.)

[thefiniteidea]

Bitcoin is like Saturn god eating his children.

got it.. crystal clear.

I'm not so clear, does that mean we go up or down? 

Sideways for the next few weeks.

[Zangelbert Bingledack]

I'd like to share some thoughts about altcoins rise-fall-death cycle.

From the functionality side, this reminds me of Peter R's Altcoin Narrative Cycle.

[Globb0]

Honey I ate the kids.

Is it because most shit you have to buy/sell via BTC that keeps BTC champion in the munch off?

Lets hope 1 kid doesn't eat it!

[masterluc]

Prediction in act.

On 208 hit next target 120.